Citing the ‘toxic political environment’ in New York, the National Rifle Association announced it will initiate bankruptcy proceedings, to cheers from Democrats. The NRA wants to move to Texas and continue operating from there.
Exuberant gun control advocates, such as Rep. Eric Swalwell (D-California) — freshly promoted to the House Homeland Security Committee — cheered the headlines announcing the NRA’s move to file for bankruptcy on Friday.
— Rep. Eric Swalwell (@RepSwalwell) January 15, 2021
The actual statement issued by the Second Amendment advocacy group, however, explained that the NRA was filing for Chapter 11 bankruptcy protection in order to restructure as a Texas nonprofit and “exit what it believes is a corrupt political and regulatory environment in New York,” which would enable it to continue operations free from that state’s “toxic political environment.”
The NRA described New York, where it has been incorporated since 1871, as “a state where elected officials have weaponized the legal and regulatory powers they wield to penalize the Association and its members for purely political purposes.”
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This was a not-so-veiled reference to the charges pressed in August 2020 by the state’s Attorney General Letitia James, who accused the NRA of misusing funds and described them as a “terrorist organization” and “criminal enterprise.” (RT)
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